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International Accounting Harmonization Process Influences On The Evolution Of Romanian Accounting System

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  • Gheorghe, Holt

    („Constantin Brancusi” University of Targu Jiu,)

Abstract

The accounting literature demonstrates that the differences that exist in the sphere of financial reporting is a state of normality and is the result of a combination of speific factors. The existence of these differences in the regulation determines the continued development of a process able to decrease the weaknesses at a particular time, focused towards globalization of the capital markets, increased interest of the financial accounting information users, in achieving a high degree of comparability and quality of information provided through financial reports. In recent years there has been a collaboration between Romania and IFRS, which turns out to be a gradual one and that is developed in parallel with the adaptation of the acquis communautaire and the process of accounting harmonization of national regulations in relation to international reference has not ceased to exist from the first initiatives until now.

Suggested Citation

  • Gheorghe, Holt, 2017. "International Accounting Harmonization Process Influences On The Evolution Of Romanian Accounting System," Management Strategies Journal, Constantin Brancoveanu University, vol. 35(1), pages 198-202.
    • Handle: RePEc:brc:journl:v:35:y:2017:i:1:p:198-202
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    References listed on IDEAS

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    1. Ion Ionas¸cu & Mihaela Ionas¸cu & Lavinia Olimid & Daniela Artemisa Calu, 2007. "An Empirical Evaluation of the Costs of Harmonizing Romanian Accounting with International Regulations (EU Directives and IAS/IFRS)," Accounting in Europe, Taylor & Francis Journals, vol. 4(2), pages 169-206, December.
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    More about this item

    Keywords

    international accounting harmonization; accounting information; finanial reporting; international accounting regulations;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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